{"id":571,"date":"2025-06-20T10:37:43","date_gmt":"2025-06-20T09:37:43","guid":{"rendered":"https:\/\/spencerhayesprotect.co.uk\/?page_id=571"},"modified":"2025-06-20T11:02:38","modified_gmt":"2025-06-20T10:02:38","slug":"income-protection","status":"publish","type":"page","link":"https:\/\/dev.spencerhayesgroup.co.uk\/protect\/personal-protection\/income-protection\/","title":{"rendered":"Income Protection"},"content":{"rendered":"<section class=\"l-section wpb_row height_auto width_full\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_2 laptops-cols_inherit tablets-cols_1 mobiles-cols_1 valign_middle type_boxes reversed stacking_default\" style=\"--columns-gap:0px;\"><div class=\"wpb_column vc_column_container us_custom_6dc6c981 has_bg_color stretched\"><div class=\"vc_column-inner\"><\/div><\/div><div class=\"wpb_column vc_column_container us_custom_d3c9c392\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h3><strong>Income <span style=\"color: #8e9cb1;\">Protection<\/span><\/strong><\/h3>\n<p><b data-stringify-type=\"bold\">Is Income Protection Worth It?<\/b><\/p>\n<p>When illness or injury strikes, income protection can be the safety net that keeps your finances stable. It&#8217;s especially valuable if you&#8217;re self-employed, don\u2019t receive sick pay, or only get Statutory Sick Pay (SSP), which is currently just \u00a3116.75 a week.<\/p>\n<p><b data-stringify-type=\"bold\">What Is Income Protection (IP)?<\/b><\/p>\n<p>Income protection pays you a percentage of your income\u2014typically 60\u201370% of your gross salary\u2014after a chosen deferred period (from 1 week to 12 months). Payments continue monthly until you return to work or your policy ends, helping cover essentials like your mortgage and bills, giving you peace of mind to focus on recovery.<\/p>\n<p><strong>Benefits of Income Protection<\/strong><\/p>\n<ul>\n<li>Guaranteed monthly income during illness or injury<\/li>\n<li>Pays out with a valid sick note<\/li>\n<li>Special terms for public sector workers<\/li>\n<li>Choose between 1, 2, 5 year or full-term cover<\/li>\n<li>Multiple claims allowed<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_auto width_full color_primary\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_2 laptops-cols_inherit tablets-cols_1 mobiles-cols_1 valign_middle type_boxes stacking_default\" style=\"--columns-gap:0px;\"><div class=\"wpb_column vc_column_container us_custom_d3c9c392\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h4><strong>What You Should Know<\/strong><\/h4>\n<p><strong>Things to Consider<\/strong><\/p>\n<ul class=\"p-rich_text_list p-rich_text_list__bullet p-rich_text_list--nested\" data-stringify-type=\"unordered-list\" data-list-tree=\"true\" data-indent=\"0\" data-border=\"0\">\n<li data-stringify-indent=\"0\" data-stringify-border=\"0\">Pre-existing conditions are often excluded<\/li>\n<li data-stringify-indent=\"0\" data-stringify-border=\"0\">Premiums increase with age and health risks<\/li>\n<li data-stringify-indent=\"0\" data-stringify-border=\"0\">Certain job types may affect your cover or cost<\/li>\n<\/ul>\n<p>Despite these factors, IP can be essential\u2014especially if losing your income would mean struggling to cover your monthly outgoings.<\/p>\n<p><strong>Critical Illness vs Income Protection<\/strong><\/p>\n<p>These are not either\/or products:<\/p>\n<ul>\n<li><strong>Critical Illness Cover<\/strong>: Pays a tax-free lump sum if you&#8217;re diagnosed with a defined serious illness.<\/li>\n<li><strong>Income Protection<\/strong>: Provides monthly income if you&#8217;re too ill or injured to work.<\/li>\n<li><strong>Serious Illness Cover<\/strong>: Pays based on severity and can allow multiple claims.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><div class=\"wpb_column vc_column_container us_custom_7d83f14f has_bg_color stretched\"><div class=\"vc_column-inner\"><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_auto width_full\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_2 laptops-cols_inherit tablets-cols_1 mobiles-cols_1 valign_middle type_boxes reversed stacking_default\" style=\"--columns-gap:0px;\"><div class=\"wpb_column vc_column_container us_custom_64b75910 has_bg_color stretched\"><div class=\"vc_column-inner\"><\/div><\/div><div class=\"wpb_column vc_column_container us_custom_d3c9c392\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h4><span style=\"color: #8e9cb1;\">Other <\/span>Options<\/h4>\n<p><strong>Accident &amp; Sickness Benefit<\/strong><\/p>\n<p>A short-term option that doesn\u2019t require medical underwriting. Pays for up to 3 months at \u00a3720, \u00a31,500, or \u00a32,500 per month\u2014ideal if long-term IP isn\u2019t available to you.<\/p>\n<p><strong>Family Income Benefit (FIB)<\/strong><\/p>\n<p>Instead of a lump sum, FIB pays a monthly income to your family if you pass away or are diagnosed with a terminal illness during the policy term\u2014helping them manage living costs, mortgage, and childcare. The only downside: the payout period reduces the later in the term the claim is made.<\/p>\n<p><strong>Is It Right for You?<\/strong><\/p>\n<p>If you\u2019d struggle financially without your income, especially for several months, income protection could be a financial lifeline\u2014not a luxury.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_medium\" id=\"downloads\"><div class=\"l-section-overlay\" style=\"background:#ebebeb\"><\/div><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"g-cols wpb_row via_grid cols_2 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--columns-gap:3rem;\"><div class=\"wpb_column vc_column_container us_custom_cd895498\"><div class=\"vc_column-overlay\" style=\"background:#ffffff\"><\/div><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h4 style=\"text-align: center;\">Need Advice<br \/>\n<strong><span style=\"color: #8e9cb1;\">or a Quote?<\/span><\/strong><\/h4>\n<p style=\"text-align: center;\">\u00a0Get in touch today and let us help find the right cover for your needs. Telephone: <a class=\"w-text-h\" href=\"tel:0161 711 0204\"><span class=\"w-text-value\">0161 711 0204<\/span><\/a>. Or contact us via our online form below.<\/p>\n<\/div><\/div><div class=\"w-separator size_medium\"><\/div><div class=\"w-popup w-btn-wrapper align_justify\"><button class=\"w-popup-trigger type_btn w-btn us-btn-style_7 icon_atleft\" aria-label=\"Contact Us\" type=\"button\"><i class=\"fas fa-list\"><\/i><span class=\"w-btn-label\">Contact Us<\/span><\/button><div class=\"w-popup-overlay\" style=\"background:rgba(0,0,0,0.85);\"><\/div><div class=\"w-popup-wrap layout_default position_center-center\" role=\"dialog\" aria-modal=\"true\" aria-label=\"Popup\" style=\"--title-color:#ffffff;--title-bg-color:#ed9511;--content-color:var(--color-content-text);--content-bg-color:#ffffff;--popup-width:600px;--popup-padding:5%;--popup-wrap-padding:1.5rem 0;\"><button aria-label=\"Close\" class=\"w-popup-closer\" type=\"button\"><\/button><div class=\"w-popup-box animation_fadeIn closerpos_outside with_title\"><div class=\"w-popup-box-h\"><div class=\"w-popup-box-title\">Contact Us<\/div><div class=\"w-popup-box-content\"><p style=\"text-align: center;\">\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f15-o1\" lang=\"en-GB\" dir=\"ltr\" data-wpcf7-id=\"15\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/protect\/wp-json\/wp\/v2\/pages\/571#wpcf7-f15-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"15\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.6\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_GB\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f15-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/>\n<\/fieldset>\n<p><label> <strong>Full Name *<\/strong><br \/>\n<span 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Telephone)\">Either (Email or Telephone)<\/option><\/select><\/span><br \/>\n<\/label>\n<\/p>\n<p><label> <strong>Message *<\/strong><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"general-message\"><textarea cols=\"40\" rows=\"10\" maxlength=\"2000\" class=\"wpcf7-form-control wpcf7-textarea wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" name=\"general-message\"><\/textarea><\/span> <\/label>\n<\/p>\n<div class=\"wpcf7-turnstile cf-turnstile\" data-sitekey=\"0x4AAAAAACbFPo8WjfEL0QQ-\" data-response-field-name=\"_wpcf7_turnstile_response\"><\/div>\n<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner\" type=\"submit\" value=\"Submit\" \/>\n<\/p><p style=\"display: none !important;\" class=\"akismet-fields-container\" data-prefix=\"_wpcf7_ak_\"><label>&#916;<textarea name=\"_wpcf7_ak_hp_textarea\" cols=\"45\" rows=\"8\" maxlength=\"100\"><\/textarea><\/label><input type=\"hidden\" id=\"ak_js_1\" name=\"_wpcf7_ak_js\" value=\"234\"\/><script>\ndocument.getElementById( \"ak_js_1\" ).setAttribute( \"value\", ( new Date() ).getTime() );\n<\/script>\n<\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"wpb_column vc_column_container us_custom_cd895498\"><div class=\"vc_column-overlay\" style=\"background:#ffffff\"><\/div><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h4 style=\"text-align: center;\">Book a Call<br \/>\n<span style=\"color: #8e9cb1;\">Expert Advice<\/span><\/h4>\n<p style=\"text-align: center;\">Would you like to speak to our Head of Protection, George? If so, simply book a date and time that&#8217;s convenient for you using our booking system.<\/p>\n<\/div><\/div><div class=\"w-separator size_medium\"><\/div><div class=\"w-btn-wrapper align_justify\"><a class=\"w-btn us-btn-style_7 icon_atleft\" target=\"_blank\" href=\"https:\/\/calendly.com\/geastham-spencerhayesgroup\/30-minute-meeting-personal-clone\"><i class=\"fas fa-calendar-alt\"><\/i><span class=\"w-btn-label\">Book a Call<\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Income Protection Is Income Protection Worth It? When illness or injury strikes, income protection can be the safety net that keeps your finances stable. It&#8217;s especially valuable if you&#8217;re self-employed, don\u2019t receive sick pay, or only get Statutory Sick Pay (SSP), which is currently just \u00a3116.75 a week. What Is Income Protection (IP)? Income protection...","protected":false},"author":2,"featured_media":0,"parent":47,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-571","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/dev.spencerhayesgroup.co.uk\/protect\/wp-json\/wp\/v2\/pages\/571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.spencerhayesgroup.co.uk\/protect\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/dev.spencerhayesgroup.co.uk\/protect\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/dev.spencerhayesgroup.co.uk\/protect\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.spencerhayesgroup.co.uk\/protect\/wp-json\/wp\/v2\/comments?post=571"}],"version-history":[{"count":2,"href":"https:\/\/dev.spencerhayesgroup.co.uk\/protect\/wp-json\/wp\/v2\/pages\/571\/revisions"}],"predecessor-version":[{"id":586,"href":"https:\/\/dev.spencerhayesgroup.co.uk\/protect\/wp-json\/wp\/v2\/pages\/571\/revisions\/586"}],"up":[{"embeddable":true,"href":"https:\/\/dev.spencerhayesgroup.co.uk\/protect\/wp-json\/wp\/v2\/pages\/47"}],"wp:attachment":[{"href":"https:\/\/dev.spencerhayesgroup.co.uk\/protect\/wp-json\/wp\/v2\/media?parent=571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}